Angiulo and his three brothers, Donato, Francesco, and Michele were all convicted in February 1986 in the region's first sweeping federal racketeering case against the mob. He was sentenced to 45 years in prison in the case. The son of Italian immigrants who ran a North End grocery store, Gennaro Angiulo rose through the Mafia ranks under Raymond L.S. Patriarca of Providence because of his keen skill at making money. The Angiulo brothers were disciplined hands-on operators, who had a virtual monopoly on the region's illegal gambling and loansharking, according to law enforcement officials. But the Angiulo empire was toppled when the FBI planted bugs in their Prince Street headquarters and at a social club on North Margin Street for three months in 1981, as Angiulo ordered murders and beatings and boasted of his misdeeds. When he was hauled by FBI agents out of Francesco's Restaurant in the North End in 1983, he yelled, "I'll be back before my pork chops get cold." But he was wrong. He wasn't released on parole until 2007. In recent years, he has been living quietly at his home in Nahant.

Jaffe, under investigation for his ties to the Wall Street investor who authorities say confessed to running a Ponzi scheme, was the stockbroker to Angiulo and his brothers, reputed members of the Boston Mafia, before they were sent to jail on racketeering charges in 1986. He first represented the Angiulos when he worked at the investment firm E.F. Hutton in the 1970s, and the Angiulos followed him when he became the Boston branch manager at Cowen & Co. in 1980, according to a Boston Globe article in 1985 that quoted Cowen's lawyer, Lawrence Leibowitz.

Jaffe's brokerage relationship with the Angiulos first came to light "in an inquiry by federal securities regulators into whether Cowen failed to report large deposits the Angiulos made into their brokerage accounts there" that "was part of a broader federal investigation of alleged money laundering by the Angiulos"; however, "neither Jaffe nor Cowen was ever implicated, and the Securities and Exchange Commission inquiry appears to have ended quietly."

His brother, Gennaro "Jerry'' Angiulo, was the underboss of the Patriarca crime family until an FBI bug planted in his North End headquarters in 1981 captured conversations about murder, extortion, illegal gambling, and loansharking that led to Boston's first sensational Mafia trial and the end of the Angiulos' reign. In 1986, a federal jury convicted Donato Angiulo and his brothers, Gennaro and Francesco, who was the mob's accountant, of racketeering charges, and a third brother, Michele, of illegal gambling. * * * Donato Angiulo's nickname was "Smiley," but prosecutors alleged during his trial that he had a fierce reputation on the street and served as a capo regime, running a crew of Mafia soldiers. He was sentenced to 20 years in prison for racketeering, gambling and loansharking. He was freed from federal prison in 1997, after serving 11 years, and returned to his Medford home.

Laurel J. Sweet from the Boston Heraldreports on the surviving brothers: "Gennaro Angiulo, 90, was paroled in 2007 after serving 21 years of a 45-year sentence for racketeering. Brother Francesco Angiulo, 88, still lives at the family’s former North End headquarters at 98 Prince St."

Jaffe, under investigation for his ties to the Wall Street investor who authorities say confessed to running a Ponzi scheme, was the stockbroker to Angiulo and his brothers, reputed members of the Boston Mafia, before they were sent to jail on racketeering charges in 1986. He first represented the Angiulos when he worked at the investment firm E.F. Hutton in the 1970s, and the Angiulos followed him when he became the Boston branch manager at Cowen & Co. in 1980, according to a Boston Globe article in 1985 that quoted Cowen's lawyer, Lawrence Leibowitz.

Jaffe's brokerage relationship with the Angiulos first came to light "in an inquiry by federal securities regulators into whether Cowen failed to report large deposits the Angiulos made into their brokerage accounts there" that "was part of a broader federal investigation of alleged money laundering by the Angiulos"; however, "neither Jaffe nor Cowen was ever implicated, and the Securities and Exchange Commission inquiry appears to have ended quietly."

12/31/2008

Among the predictions -- "events that have a reasonable chance of occurring despite the general perception that the odds are very long" -- by Doug Kass for 2009 is that investigators will reveal that Bernie Madoff was involved in more than a ponzi scheme but further was laundering money for the Russian Mafia and Colombian drug cartels:

The Russian mafia and Russian oligarchs are found to be large investors with Madoff. During the next few weeks, a well-known CNBC investigative reporter documents that the Russian oligarchs, certain members of the Russian mafia and several Colombian drug cartel families have invested and laundered more than $2 billion in Madoff's strategy through offshore master feeders and through several fund of funds. There are several unsuccessful attempts made on Madoff and/or his family's lives. With the large Russian investments in Madoff having gone sour and in light of the subsequent acts of violence against his family, U.S./Russian relations, which already were at a low point, are threatened. Madoff's lawyers disclose that he has cancer, and his trial is delayed indefinitely as he undergoes chemotherapy.

Jaffe, under investigation for his ties to the Wall Street investor who authorities say confessed to running a Ponzi scheme, was the stockbroker to Angiulo and his brothers, reputed members of the Boston Mafia, before they were sent to jail on racketeering charges in 1986. He first represented the Angiulos when he worked at the investment firm E.F. Hutton in the 1970s, and the Angiulos followed him when he became the Boston branch manager at Cowen & Co. in 1980, according to a Boston Globe article in 1985 that quoted Cowen's lawyer, Lawrence Leibowitz.

Jaffe's brokerage relationship with the Angiulos first came to light "in an inquiry by federal securities regulators into whether Cowen failed to report large deposits the Angiulos made into their brokerage accounts there" that "was part of a broader federal investigation of alleged money laundering by the Angiulos"; however, "neither Jaffe nor Cowen was ever implicated, and the Securities and Exchange Commission inquiry appears to have ended quietly."

Jaffe, under investigation for his ties to the Wall Street investor who authorities say confessed to running a Ponzi scheme, was the stockbroker to Angiulo and his brothers, reputed members of the Boston Mafia, before they were sent to jail on racketeering charges in 1986. He first represented the Angiulos when he worked at the investment firm E.F. Hutton in the 1970s, and the Angiulos followed him when he became the Boston branch manager at Cowen & Co. in 1980, according to a Boston Globe article in 1985 that quoted Cowen's lawyer, Lawrence Leibowitz.

Jaffe's brokerage relationship with the Angiulos first came to light "in an inquiry by federal securities regulators into whether Cowen failed to report large deposits the Angiulos made into their brokerage accounts there" that "was part of a broader federal investigation of alleged money laundering by the Angiulos"; however, "neither Jaffe nor Cowen was ever implicated, and the Securities and Exchange Commission inquiry appears to have ended quietly."